Good news to those who are doing business in Thailand and those who are planning to set up a business in the Kingdom. The current administration has approved corporate tax reduction from the usual 30% rate to 23 % effective next year, 2012. Another reduction is to be implemented the following year, 2013 bringing the corporate tax rate to 20%. The corporate tax reduction scheme proposed by Ministry of Finance is aimed at encouraging more direct investments by foreign investors into Thailand.
For more information with regard to starting a business in Thailand, feel free to contact us any time by email, live chat, phone or personal visit at any of our offices in Thailand.